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HomeUncategorizedBitcoin is now the barometer for the buckwild U.S. economy, and it...

Bitcoin is now the barometer for the buckwild U.S. economy, and it looks bad

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Bitcoin has for a long time led the way for the market, so its recent struggles may suggest the worst hasn’t passed for markets.

John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods.

After the influential New York Federal Reserve president made a speech last week suggesting he would support another interest rate cut, it appeared a majority on the Federal Open Market Committee (FOMC) had formed in favour of further easing. After a few weeks of turbulence, stock markets celebrated the expected return of easy money and re-entered party mode.

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Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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